Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering and Additional $200 Million Senior Notes Offering

SUNNY ISLES BEACH, Fla., Dec. 19, 2023 /PRNewswire/ — Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), consummated their offering of (i) $500,000,000 aggregate principal amount of 9.750% Senior Notes due 2029 (the “Initial Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Initial Notes Offering”) and (ii) $200,000,000 aggregate principal amount of additional 9.750% Senior Notes due 2029 (the “Additional Notes,” and, together with the Initial Notes, the “Notes”) in a private placement not registered under the Securities Act (such offering, the “Additional Notes Offering,” and, together with the Initial Notes Offering, the “Notes Offering”). The Notes were issued under an indenture, dated as of the date hereof, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and are guaranteed by the Guarantor. The net proceeds from the Notes Offering will be used, together with cash on hand, to redeem the Issuers’ existing 4.75% Senior Unsecured Notes due 2024 (the “2024 Notes”) in full on or around June 15, 2024. The 2024 Notes have been satisfied and discharged simultaneously with the closing of the Notes Offering.

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